BANKING RELATED GENERAL AWARENESS --50+ PAGES

S1. Ans.(a)Sol. NABARD came into existence on 12 July 1982 by transferring the
agricultural credit functions of RBI and refinance functions of the then
Agricultural Refinance and Development Corporation (ARDC). It was dedicated to
the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05
November 1982.

Q2. SIDBI set up on 2nd
April _____________ under an Act of Indian Parliament, acts as the Principal
Financial Institution for Promotion, Financing and Development of the Micro,
Small and Medium Enterprise (MSME) sector as well as for coordination of
functions of institutions engaged in similar activities.

(a) 1956

(b) 1999

(c) 1992

(d) 1990

(e) 1980

S2. Ans.(d)Sol. Small Industries Development Bank of India (SIDBI) set up on
2nd April 1990 under an Act of Indian Parliament, acts as the Principal
Financial Institution for Promotion, Financing and Development of the Micro,
Small and Medium Enterprise (MSME) sector as well as for coordination of
functions of institutions engaged in similar activities.

Q3. Which year National
Housing Bank was set up?

(a) 1982

(b) 1988

(c) 1986

(d) 1990

(e) 1992

S3. Ans.(b)Sol. NHB was set up on July 9, 1988, under the National Housing
Bank Act, 1987.

Q4. Export-Import Bank
of India is the premier export finance institution in India, established in
________________ under Export-Import Bank of India Act 1981.

(a) 1992

(b) 1988

(c) 1986

(d) 1990

(e) 1982

S4. Ans.(e)Sol. Export-Import Bank of India is the premier export finance
institution in India, established in 1982 under Export-Import Bank of India Act
1981.

Q5. The Reserve Bank of
India is India's central banking institution, which controls the monetary
policy of the Indian rupee. It commenced its operations on-

(a) 01st April 1934

(b) 01st April 1937

(c) 01st April 1935

(d) 01st April 1936

(e) 01st April 1949

S5. Ans.(c)Sol. The Reserve Bank of India is India's central banking
institution, which controls the monetary policy of the Indian rupee. It
commenced its operations on 1 April 1935 in accordance with the Reserve Bank of
India Act, 1934.

Q6. State Bank of India
is an Indian multinational, public sector banking and financial services
company. SBI was established on-

(a) 01st July 1951

(b) 01st July 1954

(c) 01st July 1953

(d) 01st July 1955

(e) 01st July 1956

S6. Ans.(d)Sol. State Bank of India is an Indian multinational, public sector
banking and financial services company. It is a government-owned corporation
with its headquarters in Mumbai, Maharashtra. SBI was established on 01st July
1955.

Q7. Life Insurance
Corporation of India is an Indian state-owned insurance group and investment
company headquartered in Mumbai. LIC was established in-

(a) 1956

(b) 1962

(c) 1955

(d) 1949

(e) 1921

S7. Ans.(a)Sol. Life Insurance Corporation of India is an Indian state-owned
insurance group and investment company headquartered in Mumbai. LIC was
established in 1956.

Q8. Established in
____________, FICCI is the largest and oldest apex business organisation in
India.

(a) 1956

(b) 1949

(c) 1935

(d) 1921

(e) 1927

S8. Ans.(e)Sol. Established in 1927, FICCI is the largest and oldest apex
business organization in India. Its history is closely interwoven with India's
struggle for independence, its industrialization, and its emergence as one of
the most rapidly growing global economies.

Q9. The Insurance
Regulatory and Development Authority of India is an autonomous, statutory body
tasked with regulating and promoting the insurance and reinsurance industries
in India. IRDAI was established in-

(a) 2001

(b) 1999

(c) 2000

(d) 1992

(e) 1990

S9. Ans.(c)Sol. Following the recommendations of the Malhotra Committee
report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was
constituted as an autonomous body to regulate and develop the insurance
industry. The IRDA was incorporated as a statutory body in April, 2000. The key
objectives of the IRDA include promotion of competition so as to enhance
customer satisfaction through increased consumer choice and lower premiums
while ensuring the financial security of the insurance market.

Q10. The Telecom
Regulatory Authority of India (TRAI) is a statutory body set up by the Government
of India under section 3 of the Telecom Regulatory Authority of India Act,
1997. TRAI was founded on-

(a) 20th February 1996

(b) 20th February 1997

(c) 20th February 1995

(d) 20th February 1992

(e) 20th February 1999

S10. Ans.(b)Sol. The entry of private service providers brought with it the
inevitable need for independent regulation. The Telecom Regulatory Authority of
India (TRAI) was, thus, established with effect from 20th February 1997 by an
Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997,
to regulate telecom services, including fixation/revision of tariffs for
telecom services which were earlier vested in the Central Government.

Q11. National Institute
of Bank Management (NIBM) was established in _________________ by the Reserve
Bank of India, in consultation with the Government of India, as an autonomous
apex institution for research, training, education, and consultancy in bank
management.

(a) 1979

(b) 1949

(c) 1969

(d) 1959

(e) 1989

S11. Ans.(c)Sol. National Institute of Bank Management (NIBM) was established
in 1969 by the Reserve Bank of India, in consultation with the Government of
India, as an autonomous apex institution for research, training, education, and
consultancy in bank management. Its mandate is to play a proactive role of
“think-tank” of the banking system.

Q12. The Securities and
Exchange Board of India (SRBI) is the regulator for the securities market in
India. It was established on-

S13. Ans.(e)Sol. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
was established by Reserve Bank of India (RBI) as its wholly owned subsidiary
on 3rd February 1995 with a view to augmenting the production of bank notes in
India to enable the RBI to bridge the gap between the supply and demand for
bank notes in the country.

Q14. In which year,
CIBIL Limited (formerly Credit Information Bureau (India) Limited) was
incorporated based on recommendations made by the RBI Siddiqui Committee?

Q15. The Institute for
Development & Research in Banking Technology (IBDRT) is a unique
institution exclusively focused on Banking Technology. Established by the
Reserve Bank of India in-

(a) 2001

(b) 1999

(c) 1992

(d) 1996

(e) 1989
S15. Ans.(d)Sol. The Institute for Development & Research in Banking
Technology is a unique institution exclusively focused on Banking Technology.
Established by the Reserve Bank of India in 1996, the Institution works at the
intersection of Banking and Technology.

Q1. National Bank for
Agriculture and Rural Development (NABARD) is an apex development financial
institution in India. Where is the Head Office of NABARD?

(a) Lucknow

(b) Chennai

(c) New Delhi

(d) Mumbai

(e) Kolkata

S1. Ans.(d)Sol. National Bank for Agriculture and Rural Development (NABARD)
is an apex development financial institution in India, headquartered in Mumbai
with branches all over India.

Q2. Small Industries
Development Bank of India is the principal development financial institution in
India headquartered in-

(a) Lucknow

(b) Chennai

(c) New Delhi

(d) Mumbai

(e) Kolkata

S2. Ans.(a)Sol. Small Industries Development Bank of India is the principal
development financial institution in India headquartered in Lucknow, Uttar
Pradesh.

Q3. National Housing
Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set
up on 9 July 1988 under the National Housing Bank Act, 1987. Where is the Head
Office of NHB?

(a) Lucknow

(b) Chennai

(c) New Delhi

(d) Mumbai

(e) Kolkata

S3. Ans.(c)Sol. National Housing Bank (NHB), a wholly owned subsidiary of
Reserve Bank of India (RBI), was set up on 9 July 1988 under the National
Housing Bank Act, 1987. NHB is an apex financial institution for housing. The
Head Office of NHB is in New Delhi.

Q4. Export-Import Bank
of India is the premier export finance institution in India, established in
1982 under Export-Import Bank of India Act 1981. The Headquarters of EXIM Bank
in-

(a) Hyderabad

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) Mumbai

S4. Ans.(e)Sol. Export-Import Bank of India is the premier export finance
institution in India, established in 1982 under Export-Import Bank of India Act
1981. The Headquarters of EXIM Bank in Mumbai.

Q5. The Reserve Bank of
India is India's central banking institution, which controls the monetary
policy of the Indian rupee. Where is the Head office of RBI?

(a) Pune

(b) Mumbai

(c) Chennai

(d) New Delhi

(e) Kolkata

S5. Ans.(b)Sol. The Reserve Bank of India is India's central banking
institution, which controls the monetary policy of the Indian rupee. It
commenced its operations on 1 April 1935 in accordance with the Reserve Bank of
India Act, 1934. The Head office of RBI is in Mumbai.

Q6. State Bank of India
is an Indian multinational, public sector banking and financial services
company. It is a government-owned corporation with its headquarters in-

(a) Hyderabad

(b) Mumbai

(c) Chennai

(d) New Delhi

(e) Kolkata

S6. Ans.(b)Sol. State Bank of India is an Indian multinational, public sector
banking and financial services company. It is a government-owned corporation
with its headquarters in Mumbai, Maharashtra.

Q7. Life Insurance
Corporation of India is an Indian state-owned insurance group and investment
company headquartered in-

(a) Hyderabad

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) Mumbai

S7. Ans.(e)Sol. Life Insurance Corporation of India is an Indian state-owned
insurance group and investment company headquartered in Mumbai. It is the
largest insurance company in India.

Q8. FICCI is the largest
and oldest apex business organization in India. Where is the Head Office of
FICCI?

(a) Hyderabad

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) Mumbai

S8. Ans.(d)Sol. Established in 1927, FICCI is the largest and oldest apex
business organization in India. Its history is closely interwoven with India's
struggle for independence, its industrialization, and its emergence as one of
the most rapidly growing global economies. New Delhi is the Head Office of
FICCI.

Q9. The IRDAI is an
autonomous, statutory body tasked with regulating and promoting the insurance
and reinsurance industries in India. Where is the head office of IRDAI?

(a) Hyderabad

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) Mumbai

S9. Ans.(a)Sol. The Insurance Regulatory and Development Authority of India is
an autonomous, statutory body tasked with regulating and promoting the
insurance and reinsurance industries in India. The head office of IRDAI is in
Hyderabad.

Q10. Where is the
Headquarters of Telecom Regulatory Authority of India (TRAI)?

(a) Hyderabad

(b) Kolkata

(c) New Delhi

(d) Chennai

(e) Mumbai

S10. Ans.(c)Sol. The Telecom Regulatory Authority of India or TRAI is a
statutory body set up by the Government of India under section 3 of the Telecom
Regulatory Authority of India Act, 1997. It is the regulator of the
telecommunications sector in India.

Q11. National Institute
of Bank Management is an Indian institution for research, training, and
consultancy in banking and finance. It is located in-

(a) Bengaluru

(b) Allahabad

(c) Pune

(d) Siliguri

(e) Kochin

S11. Ans.(c)Sol. National Institute of Bank Management is an Indian institution
for research, training, and consultancy in banking and finance. It is located
in Pune. The campus is self-contained, with residential and educational
facilities.

Q12. The Securities and
Exchange Board of India (SEBI) is the regulator for the securities market in
India. Where is the Head Office of SEBI?

(a) Bengaluru

(b) Kolkata

(c) Hyderabad

(d) New Delhi

(e) Mumbai

S12. Ans.(e)Sol. The Securities and Exchange Board of India was established on
April 12, 1992, in accordance with the provisions of the Securities and
Exchange Board of India Act, 1992. The Head Office of SEBI is in Mumbai.

Q13. Bharatiya Reserve
Bank Note Mudran Private Limited (BRBNMPL) is one of the subsidiaries of
Reserve Bank of India which prints banknotes for Reserve Bank of India. Where
is the Corporate Office of BRBNMPL?

(a) Bengaluru

(b) Kolkata

(c) Hyderabad

(d) New Delhi

(e) Mumbai

S13. Ans.(a)Sol. Bharatiya Reserve Bank Note Mudran Private Limited is one of
the subsidiaries of Reserve Bank of India which prints bank notes for Reserve
Bank of India. It was established in 1995 to address the demand of bank notes.
The Corporate and Registered Office of BRBNMPL.

Q14. CIBIL Limited is a
credit information company operating in India. CIBIL Limited based in-

(a) Bengaluru

(b) Kolkata

(c) Hyderabad

(d) Mumbai

(e) New Delhi

S14. Ans.(d)Sol. CIBIL Limited is a credit information company operating in India.
CIBIL or CIBIL Limited is Mumbai based company.

Q15. The Institute for
Development & Research in Banking Technology (IDRBT) is a unique
institution exclusively focused on Banking Technology. Established by RBI.
Where is the Head Office of IDRBT?

(a) Bengaluru

(b) Kolkata

(c) Hyderabad

(d) Mumbai

(e) New Delhi
S15. Ans.(c)Sol. he Institute for Development & Research in Banking
Technology is a unique institution exclusively focused on Banking Technology.
Established by the Reserve Bank of India in 1996, the Institution works at the
intersection of Banking and Technology. The Head Office of IDRBT is in
Hyderabad.

Q1. Who is the present
Director of Pune based National Institute of Bank Management (NIBM)?

(a) HK Bhanwala

(b) Ajay Tyagi

(c) BP Kanungo

(d) KL Dhingra

(e) Sudarshan Sen

S1. Ans.(d)Sol. Dr. K. L. Dhingra is the Director of National Institute of
Bank Management (NIBM), Pune, since May 01, 2017.

Q2. Name the person, who
is Chairman of Institute for Development & Research in Banking Technology
(IDRBT)?

(a) HK Bhanwala

(b) Ajay Tyagi

(c) BP Kanungo

(d) KL Dhingra

(e) Sudarshan Sen

S2. Ans.(c)Sol. BP Kanungo is Chairman of Institute for Development &
Research in Banking Technology (IDRBT).

Q3. Who is present and
24th governor of RBI?

(a) Urjit Patel

(b) Ajay Tyagi

(c) BP Kanungo

(d) Raghuram Rajan

(e) Sudarshan Sen

S3. Ans.(a)Sol. Urjit R. Patel is an Indian economist, who is currently
serving as 24th Governor of Reserve Bank of India since September 2016.

Q4. Name the person, who
is present Chairman of Life Insurance Corporation?

(a) Hemant Bhargava

(b) B Venugopal

(c) Subhash Chandra Garg

(d) Usha Sangwan

(e) V K Sharma

S4. Ans.(e)Sol. Shri Vijay Kumar Sharma or VK Sharma took charge as Chairman,
Life Insurance Corporation of India on 16th December 2016. Prior to his taking
over as Chairman, he served as Chairman (In charge) from 16th September 2016
and Managing Director, Life Insurance Corporation of India from 1st November
2013. From December 2010 to November 2013, he has been Managing Director &
Chief Executive Officer, LIC Housing Finance Limited (LICHFL), a premiere
housing finance company in the country.

Q5. Bharatiya Reserve
Bank Note Mudran Private Limited (BRBNMPL) has been registered as a Private
Limited Company under the Companies Act 1956 with its Registered and Corporate
Office situated in Bengaluru. Who is Chairman of BRBNMPL?

(a) HK Bhanwala

(b) BP Kanungo

(c) Uma Shankar

(d) KL Dhingra

(e) Sudarshan Sen

S5. Ans.(b)Sol. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
was established by Reserve Bank of India (RBI) as its wholly owned subsidiary
on 3rd February 1995 with a view to augmenting the production of bank notes in
India to enable the RBI to bridge the gap between the supply and demand for bank
notes in the country. The BRBNMPL has been registered as a Private Limited
Company under the Companies Act 1956 with its Registered and Corporate Office
situated at Bengaluru. The company manages 2 Presses one at Mysore in Karnataka
and the other at Salboni in West Bengal. The present capacity for both the
presses is 16 billion note pieces per year on a 2-shift basis. B. P.
Kanungo is present Chairman of BRBNMPL.

Q6. NABARD came into
existence on 12th July 1982 by transferring the agricultural credit functions
of RBI and refinance functions of the then Agricultural Refinance and
Development Corporation (ARDC). Name the Chairman of NABARD?

(a) RS Sharma

(b) HK Bhanwala

(c) Uma Shankar

(d) Ajay Tyagi

(e) Sudarshan Sen

S6. Ans.(b)Sol. Dr. Harsh Kumar Bhanwala is the Chairman of National Bank for
Agriculture and Rural Development (NABARD) since December 18, 2013. He is a
Post Graduate in Management from IIM Ahmedabad and holds Ph.D. in Management.
He has been awarded the honorary doctorate in Science by Tamil Nadu
Agricultural University, Coimbatore.

Q7. Who is the
Chairperson of SBI?

(a) Kishor Kharat

(b) Anupam Srivastava

(c) Usha
Ananthasubramanian

(d) Sunil Mehta

(e) Rajnish Kumar

S7. Ans.(e)Sol. Rajnish Kumar is an Indian banker. He is Chairman of the State
Bank of India He joined SBI as a Probationary officer in 1980.

Q8. Name the person, who
is the present Chairman of IRDAI?

(a) HK Bhanwala

(b) Ajay Tyagi

(c) TS Vijayan

(d) RS Sharma

(e) Mohammad Mustafa

S8. Ans.(c)Sol. TS Vijayan is the present Chairman of IRDAI.

Q9. Small Industries
Development Bank of India or SIDBI is the principal development financial
institution in India headquartered in Lucknow with branches all over India. Who
is Chairman of SIDBI?

(a) Mohammad Mustafa

(b) Dr. Kshatrapati
Shivaji

(c) TS Vijayan

(d) RS Sharma

(e) HK Bhanwala

S9. Ans.(a)Sol. Mohammad Mustafa is Chairman of SIDBI.

Q10. The Securities and
Exchange Board of India (SEBI) is the regulator for the securities market in
India. Who is present Chairman of SEBI?

(a) HK Bhanwala

(b) RS Sharma

(c) TS Vijayan

(d) Ajay Tyagi

(e) Mohammad Mustafa

S10. Ans.(d)Sol. The Securities and Exchange Board of India (SEBI) is the
designated regulatory body for the finance and investment markets in India. The
board plays a vital role in maintaining stable and efficient financial and
investment markets by creating and enforcing the effective regulation in
India's financial marketplace. Ajay Tyagi is present Chairman of SEBI.

Q11. Name the person,
who is Managing Director & Chief Executive Officer of National Housing
Bank?

Q12. Established by the
Government of India, we commenced operations in 1982 under the Export-Import
Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export
Credit Agencies. Who is Managing Director of Export-Import Bank of India (Exim
Bank)?

(a) Ramesh
Abhishek

(b) Bharti Taneja

(c) Rita Teootia

(d) David Rasquinha

(e) Naina Lal Kidwai

S12. Ans.(d)Sol. Mr. David Rasquinha has been appointed by the Government of
India as Managing Director of Export-Import Bank of India (Exim Bank). Prior to
this appointment, he was Deputy Managing Director of Exim Bank.

Q13. FICCI is the voice
of India's business and industry. Who is the present President (2017-18) of
FICCI?

(a) Pankaj R Patel

(b) Sandip Somany

(c) Rashesh Shah

(d) Harshavardhan Neotia

(e) Jyotsna Suri

S13. Ans.(c)Sol. Rashesh Shah is the President of FICCI for the year 2017-18.

14. The Telecom
Regulatory Authority of India (TRAI) was, thus, established with effect from
20th February 1997 by an Act of Parliament, called the Telecom Regulatory
Authority of India Act, 1997, to regulate telecom services, including
fixation/revision of tariffs for telecom services which were earlier vested in
the Central Government. Who is Chairman of TRAI?

(a) Bharti Taneja

(b) RS Sharma

(c) Anil Kaushal

(d) Rahul Khullar

(e) Jyotsna Suri

S14. Ans.(b)Sol. The entry of private service providers brought with it the
inevitable need for independent regulation. The Telecom Regulatory Authority of
India (TRAI) was, thus, established with effect from 20th February 1997 by an
Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997,
to regulate telecom services, including fixation/revision of tariffs for
telecom services which were earlier vested in the Central Government. RS Sharma
is Chairman of TRAI.

Q15. Name the person,
who is Chief Executive Officer and Managing Director at Credit Information
Bureau (India) Limited (CIBIL).

Q1. Uttar Pradesh
Finance Minister Rajesh Aggarwal has presented a mega budget of over
__________________ with a focus on farmers, artisans, youth, infrastructure and
urban development.

(a) Rs 12.31 lakh
crore

(b) Rs 04.28 lakh crore

(c) Rs 05.72 lakh
crore

(d) Rs 10.17 lakh
crore

(e) Rs 23.54 lakh crore

S1. Ans.(b)Sol. Yogi Adityanath government in Uttar Pradesh presented its
second budget. Ahead of 2019, general elections, this is considered one of
biggest budgetary allocation for the state. UP Finance Minister Rajesh Aggarwal
presented a mega budget of over Rs 4.28 lakh crore with a focus on farmers,
artisans, youth, infrastructure and urban development.

Q3. ____________ Chief
Minister Manohar Parrikar presented in the state assembly Rs. 17,123-crore
budget for 2018-19, an increase of 6.84% over the ongoing fiscal.

(a) Dadra and Nagar
Haveli

(b) Gujarat

(c) Goa

(d) Maharashtra

(e) Punjab

S3. Ans.(c)Sol. Goa Chief Minister Manohar Parrikar presented in the state
assembly Rs. 17,123-crore budget for 2018-19, an increase of 6.84% over the
ongoing fiscal. The Budget focuses on education and job creation.

Q4. Capital First
announced that the regulator National Housing Bank (NHB) has approved the
merger of the company along with Capital Home Finance and Capital First
Securities Limited with-

(a) IDFC Bank

(b) HDFC Bank

(c) Axis Bank

(d) Kotak Mahindra Bank

(e) South Indian Bank

S4. Ans.(a)Sol. Capital First announced that the regulator National Housing
Bank (NHB) has approved the merger of the company along with Capital Home
Finance and Capital First Securities Limited with IDFC Bank.

Q5. The Reserve Bank of
India has launched Ombudsman Scheme for non-banking financial companies (NBFCs)
for redressal of complaints against them. In which city, the offices of the
NBFC ombudsmen will function?

(a) Mumbai

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) All of the above

S5. Ans.(e)Sol. The Reserve Bank of India has launched Ombudsman Scheme for
non-banking financial companies (NBFCs) for redressal of complaints against
them. The scheme will provide a cost-free and expeditious complaint redressal
mechanism relating to deficiency in the services by NBFCs covered under the
scheme. The scheme will cover all deposit-taking NBFCs, and based on the experience
gained. The offices of the NBFC ombudsmen will function at four metro centres –
New Delhi, Mumbai, Kolkata and Chennai.

Q6. Where is the Head
Office of AU Small Finance Bank?

(a) Muzaffarpur

(b) Fatehpur

(c) Kanpur

(d) Nagpur

(e) Jaipur

S6. Ans.(e)Sol. Jaipur, Rajasthan is the Headoffice of AU Small Finance Bank.

Q7. Name the country,
which was the largest source of foreign investment in India (21.8 percent share
at market value), followed by the US and the UK, according to a census by the Reserve
Bank of India.

(a) UK

(b) Japan

(c) US

(d) Mauritius

(e) Singapore

S7. Ans.(d)Sol. Mauritius was the largest source of foreign investment in
India (21.8 per cent share at market value), followed by the US and the UK,
according to a census by the Reserve Bank of India. Singapore and Japan were
the next two sources of foreign direct investment (FDI), reported the Census on
Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17,
released by RBI.

Q8. Japan has been found
to have the best structure of production in the Geneva-based World Economic
Forum or WEF's first ‘Readiness for the future of production report’ and is
followed by South Korea, Germany, Switzerland, China, Czech Republic, the US,
Sweden, Austria and Ireland in the top 10. WEF was established in-

(a) 1982

(b) 1945

(c) 1971

(d) 1944

(e) 1956

S8. Ans.(c)Sol. WEF was established in 1971.

Q9. In the financial
year 2016-17, total FDI of US $ 60.08 billion has been received, which is an
all-time high. The Cabinet chaired by ______________ has approved amendments in
FDI Policy and further liberalized few of the policies of FDI.

(a) Arvind Subramanian

(b) Urjit Patel

(c) Hasmukh Adhia

(d) Arun Jaitley

(e) Narendra Modi

S9. Ans.(e)Sol. In the financial year 2016-17, total FDI of US $ 60.08 billion
has been received, which is an all-time high. The Cabinet chaired by PM
Narendra Modi has approved amendments in FDI Policy and further liberalized few
of the policies of FDI.
Key Highlights-
100% FDI under automatic route for Single Brand Retail Trading.
100% FDI under automatic route in Construction Development.
Foreign airlines allowed to invest up to 49% under approval route in Air India.
FIIs/FPIs allowed investing in Power Exchanges through primary market.
Definition of ‘medical devices’ amended in the FDI Policy.

Q10. Paytm has set up a
new entity called Paytm Money Ltd that will offer investment and wealth
management products and will invest close to ____________ upfront in the new
entity.

(a) $20 million

(b) $10 million

(c) $30 million

(d) $05 million

(e) $1 million

S10. Ans.(b)Sol. Paytm has set up a new entity called Paytm Money Ltd that will
offer investment and wealth management products and will invest close to $10
million upfront in the new entity. Paytm Money is the fourth product from
One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet. It will
be available as a separate mobile application to users.

Q11. Which of the
following Private sector Bank has launched the fourth edition of ‘Evolve’ in
Coimbatore, Tamil Nadu recently?

(a) Kotak Mahindra Bank

(b) ICICI Bank

(c) HDFC Bank

(d) Axis Bank

(e) South Indian Bank

S11. Ans.(d)Sol. Private sector Axis Bank launched the fourth edition of
‘Evolve’ in Coimbatore, Tamil Nadu. It is an annual multi-city knowledge series
for Bank’s small and medium-sized enterprises (SME) customers. The current
edition of 'evolve' is titled as “Transform your Family Business into your
dream company”.

Q12. Indian Overseas
Bank (IOB) has received ____________ crore capital infusion from the government
in the current fiscal.

(a) Rs 1177.07 crore

(b) Rs 173.06 crore

(c) Rs 1548.03 crore

(d) Rs 453.05 crore

(e) Rs 1000.09 crore

S12. Ans.(b)Sol. Indian Overseas Bank (IOB) has received Rs173.06 crore capital
infusion from the government in the current fiscal. In a regulatory filing, IOB
has received Rs173.06 crore a the contribution of the central government in the
preferential allotment of equity shares of the bank as government’s investment
during the 2017-18 fiscal.

Q13. The Reserve Bank of
India will link the base rate with the MCLR from 1st of April 2018 to ensure
expeditious transmission of its policy rate to borrowers. What is the meaning
of "R" in MCLR?

(a) Ratio

(b) Reimburse

(c) Risk

(d) Reserve

(e) Rates

S13. Ans.(e)Sol. The Reserve Bank of India will link the base rate with the
MCLR from 1st of April 2018 to ensure expeditious transmission of its policy
rate to borrowers. The RBI had introduced the Marginal Cost of Funds based
Lending Rates (MCLR) system with effect from 1st April 2016, the Central bank
observed that a large proportion of bank loans continue to be linked to Base
Rate.

Q14. The Reserve Bank of
India announced setting up the ombudsman for addressing customer grievances in
the non-banking finance companies. The Banking Ombudsman Scheme is introduced
under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from-

(a) 1991

(b) 1993

(c) 1995

(d) 1997

(e) 1999

S14. Ans.(c)Sol. The Reserve Bank of India announced setting up the ombudsman
for addressing customer grievances in the non-banking finance companies. The
rules will be laid out by the end of February 2018. The Banking Ombudsman
Scheme is an expeditious and inexpensive forum for bank customers for
resolution of complaints relating to certain services rendered by banks. The
Banking Ombudsman Scheme is introduced under Section 35 A of the Banking
Regulation Act, 1949 by RBI with effect from 1995.

Q15. Which Bank has
launched its new Sonic Identity, which is essentially a musical logo called
'MOGO', as part of its branding initiatives?

(a) IndusInd Bank

(b) Lakshmi Vilas Bank

(c) RBL Bank

(d) Karnataka Bank

(e) Karur Vysya Bank

S15. Ans.(a)Sol. IndusInd Bank launched its new Sonic Identity, which is
essentially a musical logo called 'MOGO', as part of its branding initiatives.
The objective for associating to a sonic identity is building the Bank's brand
imagery with the strategic use of music and sound for brand experiences and
audience connection.

Q1. Online Food ordering
and delivery platform Swiggy has partnered with ____________ to roll out two
digital solutions to facilitate the transfer of funds for its delivery
partners.

(a) ICICI Bank

(b) State Bank of India

(c) HDFC Bank

(d) Kotak Mahindra Bank

(e) Bank of India

S1. Ans.(a)Sol. Online Food ordering and delivery platform Swiggy has
partnered with the country's largest private sector lender ICICI Bank to roll
out two digital solutions to facilitate the transfer of funds for its delivery
partners.

Q2. Which of the following
Bank has allowed the amalgamation of its wholly own subsidiary- All Bank
Finance Ltd (ABFL)-with the lender by Ministry of Corporate Affairs recently?

(a) Corporation Bank

(b) Bank of Baroda

(c) Punjab National Bank

(d) Allahabad Bank

(e) Indian Bank

S2. Ans.(d)Sol. According to the officials of Allahabad Bank, the Ministry of
Corporate Affairs has allowed the amalgamation of its wholly own subsidiary -
All Bank Finance Ltd (ABFL)-with the lender.

Q3. Which Bank has
signed an agreement with the Government e-Marketplace (GeM) under which the
bank will facilitate a host of services to the public procurement portal for
Central and state government organizations?

(a) Federal Bank

(b) South Indian Bank

(c) Nainital Bank

(d) Axis Bank

(e) HDFC Bank

S3. Ans.(e)Sol. Private sector lender HDFC Bank signed an agreement with the
Government e-Marketplace (GeM) under which the bank will facilitate a host of
services to the public procurement portal for Central and state government
organizations.

Q4. Which among the
following Small Finance Bank has launched a new ‘Yellow Army Savings Account’
to increase its customer base through its association with the Chennai Super
Kings (CSK), a franchise of the Indian Premium League (IPL)?

(a) ESAF Microfinance
and Investments Private Limited

(b) Disha Microfin
Private Limited

(c) Equitas Small
Finance Bank

(d) Ujjivan Small
Finance Bank

(e) Capital Local Area
Bank

S4. Ans.(c)Sol. Equitas Small Finance Bank has launched a new ‘Yellow Army
Savings Account’ to increase its customer base through its association with the
Chennai Super Kings (CSK), a franchise of the Indian Premium League (IPL).

Q5. SWIFT announces the
extension of its GPI Tracker to cover all payment instructions sent across the
network, enabling GPI banks to track all their SWIFT payment instructions at
all times, and giving them full visibility over all their payments activity.
What is the meaning of "S" in SWIFT?

(a) Service

(b) Society

(c) System

(d) Scheme

(e) Social

S5. Ans.(b)Sol. SWIFT announces the extension of its GPI Tracker to cover all
payment instructions sent across the network, enabling GPI banks to track all
their SWIFT payment instructions at all times, and giving them full visibility
over all their payments activity. SWIFT stands for Society for Worldwide
Interbank Financial Telecommunication Code.

Q6. Which Bank/
organization has announced that it will provide a USD 500 million credit
facility to Economic Community of West African States (ECOWAS) to fund various
development projects in western-south Africa?

(a) Export-Import Bank

(b) National Bank for
Agriculture and Rural Development

(c) Small Industries
Development Bank of India

(d) National Housing
Bank

(e) State Bank of India

S6. Ans.(a)Sol. The Export-Import Bank, Exim Bank has announced that it will
provide a USD 500 million credit facility to Economic Community of West African
States (ECOWAS) to fund various development projects in western-south Africa.

Q7. SEBI has allowed
physical settlement of both stock options and stock futures. At present only
cash settlement of derivatives is allowed. Where is the Head Office of SEBI?

(a) New Delhi

(b) Mumbai

(c) Hyderabad

(d) Kolkata

(e) Bengaluru

S7. Ans.(b)Sol. The stock market regulator Securities & Exchange Board of
India (SEBI) has allowed physical settlement of both stock options and stock
futures. At present only cash settlement of derivatives is allowed. The Head
office of SEBI is in Mumbai.

Q8. The RBI has imposed
a monetary penalty of _______________ on ICICI Bank Limited for non-compliance
with the directions issued by the RBI on direct sale of securities from its
Held To Maturity (HTM) portfolio and specified disclosure in this regard.

(a) Rs. 100.2 crore

(b) Rs. 402.1 crore

(c) Rs. 58.9 crore

(d) Rs. 1000.8 crore

(e) Rs. 1.7 crore

S8. Ans.(c)Sol. The RBI has imposed a monetary penalty of Rs. 58.9 crore on
ICICI Bank Limited for non-compliance with the directions issued by the RBI on
direct sale of securities from its Held To Maturity (HTM) portfolio and
specified disclosure in this regard.

Q9. In a bid to prevent
the possibility of manipulation in the prices of securities, especially
government securities (G-Secs), ________________________ has changed the
methodology used by debt market players, including banks and primary dealers,
for their valuation.

(a) Ministry of Finance

(b) Ministry of
Corporate Affairs

(c) Securities and
Exchange Board of India

(d) Reserve Bank of
India

(e) National Bank for
Agriculture and Rural Development

S9. Ans.(d)Sol. In a bid to prevent the possibility of manipulation in the
prices of securities, especially government securities (G-Secs), the Reserve
Bank of India has changed the methodology used by debt market players,
including banks and primary dealers, for their valuation.

S10. Ans.(e)Sol. Looking to provide an impetus to early-stage start-ups, markets
regulator Securities and Exchange Board of India (SEBI) decided to double the
investment limit by angel funds in venture capital undertakings to Rs10 crore
from the current Rs5 crore.

S11. Ans.(c)Sol. Jana Small Finance Bank (formerly Janalakshmi Financial
Services) announced the commencement of its banking operations. To cover its
extensive customer base, Jana Bank will initially open 19 branches across 18
States and expand to 200 banking outlets, including the 25% unbanked
rural branches by June 2018. Jana Small Finance Bank headquarters in Bengaluru,
Karnataka.

Q12. SIDBI has
celebrated its foundation day on 02nd April ____________ as the day of Sampark
(connect), Sanwad (interaction), Suraksha (security) and Sampreshan
(disseminate).

(a) 1990

(b) 1992

(c) 1988

(d) 1982

(e) 1999

S12. Ans.(a)Sol. SIDBI (Small Industries Development Bank of India) celebrated
its foundation day (2nd April 1990) as the day of Sampark (connect), Sanwad
(interaction), Suraksha (security) and Sampreshan (disseminate). Chairman
Managing Director of SIDBI Mohammad Mustafa launched a series of initiatives
from its Lucknow bank headquarters.

Q13. An MoU was signed
between the Indian Army and _______________ on the Defence Salary Package.

(a) ICICI Bank

(b) State Bank of India

(c) Bank of India

(d) Kotak Mahindra Bank

(e) HDFC Bank

S13. Ans.(e)Sol. An MoU was signed between the Indian Army and HDFC Bank on the
Defence Salary Package. The first MoU between HDFC Bank and the Indian Army was
signed in 2011 and was renewed in Mar 2015. The current MoU is tailor-made to
suit the requirements of serving soldiers, pensioners and families.

Q14. Jio Payments Bank
Limited has commenced operations as a payments bank. RBI has issued a license
to the bank under Section _____________ of the Banking Regulation Act, 1949 to
carry on the business of payments bank in India.

(a) Section 22 (5)

(b) Section 25 (4)

(c) Section 32 (4)

(d) Section 22 (1)

(e) Section 16 (3)

S14. Ans.(d)Sol. Jio Payments Bank Limited has commenced operations as a
payments bank. The Reserve Bank has issued a license to the bank under Section
22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments
bank in India.

Q15. Which of the
following Bank has received RBI's approval to buy the securities services arm
of IL&FS recently?

(a) Federal Bank

(b) IndusInd Bank

(c) South Indian
Bank

(d) Axis Bank

(e) HDFC Bank

S15. Ans.(b)Sol. Private sector lender IndusInd Bank has received RBI's
approval to buy the securities services arm of IL&FS. In March 2017, the
bank entered an agreement with Infrastructure Leasing and Financial Services,
the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to
acquire 100% stake in ISSL.

S1. Ans.(d)Sol. India’s exports grew by 4.5% in February-2018 to 25.8 billion
dollars. It was 24.7 billion dollar during the same period in February-2017.
This announcement was made by the Commerce Secretary Rita Teaotia.

Q2. Several Budget
proposals, including the reintroduction of the tax on long-term capital gains
(LTCG) exceeding ____________ from the sale of shares, has kicked from 01st
April 2018, the beginning of the 2018-19 financial year.

(a) Rs 1 lakh

(b) Rs 2 lakh

(c) Rs 3 lakh

(d) Rs 4 lakh

(e) Rs 5 lakh

S2. Ans.(a)Sol. Several Budget proposals, including the reintroduction of the
tax on long-term capital gains (LTCG) exceeding Rs 1 lakh from the sale of
shares, will kick in from 01st April 2018, the beginning of the 2018-19
financial year.

S3. Ans.(e)Sol. On the basis of an assessment of the current and evolving
macroeconomic situation at its meeting, the Monetary Policy Committee (MPC)
decided to keep the policy repo rate under the liquidity adjustment facility
(LAF) unchanged at 6.0% in 1st Bi-Monthly Monetary Policy Statement 2017-18
Released By RBI.

Q4. India’s foreign
exchange reserves hit a life-time high of 424.361 billion US dollar after
rising by 1.828 billion dollars in the week to 30th March 2018. The foreign
reserves are managed by-

(a) Ministry of Finance

(b) Government of India

(c) Reserve Bank of
India

(d) Export–Import Bank
of India

(e) Ministry of
Corporate Affairs

S4. Ans.(c)Sol. India’s foreign exchange reserves hit a life-time high of
424.361 billion US dollar after rising by 1.828 billion dollars in the week to
March 30, according to the Reserve Bank of India data. Gold reserves remained
unchanged at 21.614 billion US dollar. The reserves are managed by the Reserve
Bank of India for the Indian government and the main component is foreign
currency assets.

Q5. The Reserve Bank of
India switched back to the Gross Domestic Product (GDP)-based measure to offer
its growth estimates from the GVA methodology. GVA stands for-

(a) General Value Added

(b) Gross Value Added

(c) Gross Vehicle Added

(d) Gross Value Agency

(e) Global Value Added

S5. Ans.(b)Sol. The Reserve Bank of India switched back to the Gross Domestic
Product (GDP)-based measure to offer its growth estimates from the Gross Value
Added (GVA) methodology, citing global best practices.

Q6. RBI, in consultation
with the Government, has hiked the FPI investment limit in Central government
securities (G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and
_____________ in FY2020.

(a) 6.0%

(b) 5.9%

(c) 5.8%

(d) 5.7%

(e) 5.6%

S6. Ans.(a)Sol. In a move that could temporarily soften bond yields, the
Reserve Bank of India, in consultation with the Government, hiked the foreign
portfolio investors (FPI) investment limit in Central government securities
(G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and 6% in FY2020.

Q7. Deutsche Bank AG
named Christian Sewing as the Chief Executive officer of the Bank. He has
replaced John Cryan. Deutsche Bank based in-

(a) Canada

(b) Germany

(c) Japan

(d) Switzerland

(e) China

S7. Ans.(b)Sol. Deutsche Bank AG named Christian Sewing as the Chief Executive
officer of the Bank. He has replaced John Cryan. Sewing will take over with
immediate effect. Deutsche Bank established its first branch in India in 1980.
Deutsche Bank Headquarters in Frankfurt, Germany.

Q8. Digital payments
company PayPal and FIEO has signed an agreement for the promotion of outbound
shipments among small and medium enterprises (SMEs) leveraging the partners'
expertise and technology products. What is the meaning of "I" in
FIEO?

(a) Initial

(b) International

(c) Indian

(d) Increase

(e) Important

S8. Ans.(c)Sol. Digital payments company PayPal and the Federation of Indian
Export Organisations (FIEO) signed an agreement for the promotion of outbound
shipments among small and medium enterprises (SMEs) leveraging the partners'
expertise and technology products.

Q9. Name the Bank, which
has signed a $930-million deal with China's energy conglomerate Golden Concord
(GCL) to produce and sell solar equipment in India.

(a) State Bank of India

(b) Bank of Japan

(c) Federal Reserve

(d) SoftBank

(e) People's Bank of
China

S9. Ans.(d)Sol. SoftBank has signed a $930-million deal with China's energy
conglomerate Golden Concord (GCL) to produce and sell solar equipment in India.

Q10. The Centre,
Maharastra Government, and the World Bank have signed a _____________ million
dollar project to help small and marginals farmers in the Marathwada and
Vidarbha region of the state.

(a) 102 million
dollar

(b) 100 million
dollar

(c) 956 million
dollar

(d) 1004 million
dollar

(e) 420 million dollar

S10. Ans.(e)Sol. The Centre, Maharastra Government, and the World Bank have
signed a 420 million dollar project to help small and marginals farmers in the Marathwada
and Vidarbha region of the state. This project will help in increasing climate
resilient practices in agriculture and ensuring that farming continues to
remain a financially viable activity for them.

Q11. Rivigo, a homegrown
logistics start-up that owns as well as acts as an aggregator of trucks, is
tying up with YES Bank, IDFC, and 10 other financial institutions to make
cheaper funds available to truck owners and operators on its platform. The
funds will be available at an interest rate of-

(a) 2-3 percent per
month

(b) 1-2 percent per
month

(c) 3-4 percent per
month

(d) 4-5 percent per
month

(e) 5-6 percent per
month

S11. Ans.(b)Sol. Rivigo, a homegrown logistics start-up that owns as well as
acts as an aggregator of trucks, is tying up with YES Bank, IDFC, and 10 other
financial institutions to make cheaper funds available to truck owners and
operators on its platform. The funds will be available at an interest rate of
1-2 percent per month, lower than the usual industry standard of 2-3 percent.

Q12. India and Canada
were signed to establish bilateral cooperation activities in the field of IPRs.
IPRs stands for-

(a) Intellectual
Property Region

(b) Intellectual Product
Rights

(c) International
Property Rights

(d) Intellectual
Property Rights

(e) Indian Property
Rights

S12. Ans.(d)Sol. The Union Cabinet chaired by PM Narendra Modi has given its
ex-post approval for MoU between India and Canada. The MoU was signed to
establish bilateral cooperation activities in the field of Intellectual Property
Rights (IPRs). The MoU is intended to promote innovation, creativity and
economic growth in both countries.

Q13. The Asian
Development Bank (ADB) and the Government of India signed ______________
million loan agreement to help modernize technical and vocational education and
training (TVET) institutions and improve the skills ecosystem in the State of
Himachal Pradesh.

(a) $80 million

(b) $70 million

(c) $50 million

(d) $10 million

(e) $100 million

S13. Ans.(a)Sol. The Asian Development Bank (ADB) and the Government of India
signed $80 million loan agreement to help modernize technical and vocational
education and training (TVET) institutions and improve the skills ecosystem in
the State of Himachal Pradesh.

Q14. GIFT city and
Deloitte Touche Tohmatsu India LLP (DTTILLP) has Signed an MoU To Promote IFSC
Operations recently. What is the meaning of "F" in IFSC?

(a) First

(b) Funding

(c) Following

(d) Finance

(e) Financial

S14. Ans.(e)Sol. GIFT City has signed an MoU with Deloitte Touche Tohmatsu India
LLP (DTTILLP), which renders consultancy services, for mutual cooperation in
areas related to international financial services. GIFT City is a global
business district offering a platform for business opportunities in
international and domestic business operations. The MoU was signed with an aim
of assisting domestic and international clients set up operations at the
GIFT-located International Financial Services Centre (IFSC).

Q15. RBI has recently
constituted an expert committee to look into a range of issues relating to
classification of bad loans, rising incidents of frauds and effectiveness of
audits. The committee under the chairmanship of-

(a) Usha
Ananthasubramanian

(b) Arvind Subramanian

(c) YH Malegam

(d) Vimal Jalan

(e) Ratan P Watal
S15. Ans.(c)Sol. Reserve Bank of India (RBI) has constituted an expert
committee under the chairmanship of YH Malegam to look into a range of issues
relating to classification of bad loans, rising incidents of frauds and
effectiveness of audits. Y H Malegam is a former member of the Central Board of
Directors of RBI. A K Misra – Executive Director of RBI will be the
Member-Secretary of the committee.

Q1. NIBM is an Indian
institution for research, training, and consultancy in banking and finance.
What is the meaning of "B" in NIBM?

(a) Base

(b) Bank

(c) Branch

(d) Banking

(e) Brand

S1. Ans.(b)Sol. National Institute of Bank Management or NIBM is an Indian
institution for research, training, and consultancy in banking and finance. It
is located in Pune.

Q2. IDRBT is a unique
institution exclusively focused on Banking Technology. What is the meaning of
"D" in IDRBT?

(a) Distance

(b) Derivative

(c) District

(d) Department

(e) Development

S2. Ans.(e)Sol. The Institute for Development & Research in Banking Technology
(IDRBT) is a unique institution exclusively focused on Banking Technology.
Established by the Reserve Bank of India in 1996, the Institution works at the
intersection of Banking and Technology.

Q3. NABARD stands for-

(a) National Bank for
Agriculture and Rural Derivative

(b) National Bank for
Agriculture and Rural District

(c) National Bank for
Agriculture and Rural Development

(d) National Bank for
Agriculture and Rural Division

(e) National Bank for
Agriculture and Rural Department

S3. Ans.(c)Sol. NABARD stands for National Bank for Agriculture and Rural
Development.

Q4. IRDAI stands for-

(a) Insurance Regulatory
and Development Authority of India

(b) Insurance Regulatory
and Development Agency of India

(c) Insurance Regulatory
and Development Association of India

(d) Insurance Regulatory
and Development Assembly of India

(e) Insurance Regulatory
and Development Audit of India

S4. Ans.(a)Sol. The Insurance Regulatory and Development Authority of India
(IRDAI) is an autonomous, statutory body tasked with regulating and promoting
the insurance and re-insurance industries in India.

Q5. SEBI is the
regulator for the securities market in India. What is the meaning of
"S" in SEBI?

(a) Short

(b) Scheme

(c) Service

(d) Securities

(e) Stock

S5. Ans.(d)Sol. The Securities and Exchange Board of India or SEBI is the
regulator for the securities market in India.

Q6. FICCI is the voice
of India's business and industry. FICCI stands for-

(a) Federation of
International Chambers of Commerce and Industry

(b) Foundation of Indian
Chambers of Commerce and Industry

(c) Federation of Indian
Chambers of Commerce and Industry

(d) Federation of Indian
Common of Commerce and Industry

(e) Federation of Indian
Chambers of Commerce and International

S6. Ans.(c)Sol. The Federation of Indian Chambers of Commerce and Industry
(FICCI) is an association of business organizations in India.

Q7. BRBNMPL is a wholly
owned subsidiary of RBI which prints banknotes (Indian rupees) for the RBI.
BRBNMPL stands for-

(a) Bharatiya Reserve
Bank Note Mudran Private Limited

(b) Bharatiya Reserve
Bank National Mudran Private Limited

(c) Bharatiya Reserve
Bank Note Mudran Public Limited

(d) Bharatiya Reserve
Bank Note Medium Private Limited

(e) Bharatiya Reserve
Bank Note Management Private Limited

S7. Ans.(a)Sol. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
is a wholly owned subsidiary of Reserve Bank of India which prints bank notes
(Indian rupees) for the Reserve Bank of India (RBI). It was established in 1995
to address the demand of bank notes.

Q8. SIDBI is the
principal development financial institution in India headquartered in Lucknow
with branches all over India. What is the meaning of "S" in SIDBI?

(a) Short

(b) Scheme

(c) Securities

(d) Small

(e) Stock

S8. Ans.(d)Sol. Small Industries Development Bank of India (SIDBI) is the
principal development financial institution in India headquartered in Lucknow
with branches all over India.

Q10. TRAI is a statutory
body set up by the Government of India. What is the meaning of "A" in
TRAI?

(a) Applied

(b) Agency

(c) Assembly

(d) Association

(e) Authority

S10. Ans.(e)Sol. The Telecom Regulatory Authority of India (TRAI) is a statutory
body set up by the Government of India under section 3 of the Telecom
Regulatory Authority of India Act, 1997.

Q1. The IFAD is an
international financial institution and a specialized agency of the United
Nations dedicated to eradicating poverty and hunger in rural areas of
developing countries. IFAD stands for-

(a) International Fund
for Agricultural Derivative

(b) International Fund
for Association Development

(c) Indian Fund for
Agricultural Development

(d) International Fund
for Agricultural Development

(e) International
Financial for Agricultural Development

S1. Ans.(d)

Sol. The International Fund for Agricultural Development (IFAD) is
an international financial institution and a specialised agency of the United
Nations dedicated to eradicating poverty and hunger in rural areas of
developing countries.

Q2. The EIB is the
European Union's bank and it is the world’s largest multilateral borrower and
lender. What is the meaning of "I" in EIB?

(a) Investment

(b) International

(c) Initially

(d) Installment

(e) Indian

S2. Ans.(a)Sol. The European Investment Bank (EIB) is the European Union's
bank. EIB is the only bank owned by and representing the interests of the
European Union Member States. It is work closely with other EU institutions to
implement EU policy.

Q3. Where is the head
office of IFAD?

(a) Vienna, Austria

(b) London, UK

(c) Paris, France

(d) Berlin, Germany

(e) Rome, Italy

S3. Ans.(e)Sol. The Head Office of International Fund for Agricultural
Development (IFAD) is in Rome, Italy.

Q4. Where is the
Headquarters of EIB?

(a) Italy

(b) UK

(c) Luxembourg

(d) Germany

(e) Switzerland

S4. Ans.(c)Sol. The Headquarters of European Investment Bank (EIB) is in
Luxembourg.

Q5. The Islamic
Development Bank is a multilateral development financing institution located
in-

(a) Muscat, Oman

(b) Jeddah, Saudi Arabia

(c) Kuwait City,
Kuwait

(d) Manama, Bahrain

(e) Doha, Qatar

S5. Ans.(b)Sol. The Islamic Development Bank is a multilateral development
financing institution located in Jeddah, Saudi Arabia.

Q6. The EBRD is an
international financial institution. EBRD stands for-

(a) European Basel for
Reconstruction and Development

(b) European Bank for
Reconstruction and Department

(c) European Bank for
Reconstruction and Development

(d) English Bank for
Reconstruction and Development

(e) European Basic for
Reconstruction and Development

S6. Ans.(c)Sol. The European Bank for Reconstruction and Development (EBRD) is
an international financial institution founded in 1991.

Q7. Where is the Head
Office of EBRD?

(a) Rome

(b) Vienna

(c) Berlin

(d) Geneva

(e) London

S7. Ans.(e)Sol. The European Bank for Reconstruction and Development is an
international financial institution founded in 1991. As a multilateral
developmental investment bank, the EBRD uses investment as a tool to build
market economies. The Head Office of EBRD is in London, UK.

Q8. IIB is a
multilateral institution for development that promotes social and economic
development, prosperity, and economic cooperation between its member states.
IIB stands for-

(a) International
Investment Bank

(b) International Indian
Bank

(c) International
Installment Bank

(d) International
Institution Bank

(e) International
Important Bank

S8. Ans.(a)Sol. The International Investment Bank (IIB) is a multilateral
institution for development that promotes social and economic development,
prosperity, and economic cooperation between its member states. Main directions
for its activities are the support of the small and medium-sized businesses and
participation in financing socially significant infrastructure projects. The
Bank provides loans primarily through leading domestic publicly owned financial
institutions, development banks, export and import banks and agencies, or lends
in partnership with other international institutions for development.

Q9. African Development
Bank is coordinating the implementation of an integrated development strategy
for Portuguese-speaking countries in Africa. In which among the following year
African Development Bank was founded?

(a) 1984

(b) 1977

(c) 1972

(d) 1963

(e) 1967

S9. Ans.(d)Sol. The African Development Bank (AfDB) Group is a regional
multilateral development finance institution established to contribute to the
economic development and social progress of African countries that are the
institution’s Regional Member Countries (RMCs). The AfDB was founded following
an agreement signed by member states on August 14, 1963, in Khartoum, Sudan,
which became effective on September 10, 1964. The AfDB comprises three entities:
the African Development Bank (ADB), the African Development Fund (ADF) and the
Nigeria Trust Fund (NTF).

Q10. Where is the head
office of African Development Bank?

(a) Ouagadougou

(b) Abidjan

(c) Porto-Novo

(d) Accra

(e) Bamako

S10. Ans.(b)Sol. The head office of African Development Bank is in Abidjan,
Cote d'Ivoire.

Q11. ADB was conceived
in the early 1960s as a financial institution. ADB stands for-

(a) Asian Department
Bank

(b) Asian District Bank

(c) African Development
Bank

(d) American Development
Bank

(e) Asian Development
Bank

S11. Ans.(e)Sol. The Asian Development Bank was conceived in the early 1960s as
a financial institution that would be Asian in character and foster economic
growth and cooperation in one of the poorest regions in the world.

Q12. NDB, formerly
referred to as the BRICS Development Bank, is a multilateral development bank
established by the BRICS states. What is the full form of NDB?

(a) New Department Bank

(b) Nominal Development
Bank

(c) New Development
Basel

(d) New Development Bank

(e) National Development
Bank

S12. Ans.(d)Sol. The New Development Bank or NDB, formerly referred to as the
BRICS Development Bank, is a multilateral development bank established by the
BRICS states.

Q13. Where is the head
office of ADB?

(a) New Delhi

(b) Vienna

(c) Manila

(d) Beijing

(e) Tokyo

S13. Ans.(c)Sol. The Asian Development Bank (ADB) is a regional development
bank established on 19 December 1966, which is headquartered in the Ortigas
Center located in the city of Mandaluyong, Metro Manila, Philippines.

Q14. Who is the first
President of NDB?

(a) Rakesh Sethi

(b) KV Kamath

(c) Arun Jaitley

(d) Raghuram Rajan

(e) Pratip Chaudhury

S14. Ans.(b)Sol. KV Kamath is the first President of New Development Bank
(NDB).

Q15. The AIIB is a
multilateral development bank that aims to support the building of
infrastructure in the Asia-Pacific region. AIIB stands for-

(a) Asian Infrastructure
Investment Bank

(b) African
Infrastructure Investment Bank

(c) Asian International
Investment Bank

(d) Asian Indian
Investment Bank

(e) Asian Infrastructure
Important Bank
S15. Ans.(a)Sol. The Asian Infrastructure Investment Bank (AIIB) is a
multilateral development bank that aims to support the building of
infrastructure in the Asia-Pacific region.

Q1. Which
of the following rates is decided by the market conditions and not by RBI?(a) Bank rate(b) SLR(c) CRR(d) Inflation rate(e) MSF

Q2. Proposals for setting up of new banks are
under active consideration. Which organization gives this permission?(a) RBI(b) Indian Banks Association(c) Finance Ministry(d) Cabinet Committee on Economic Affairs(e) SEBI

Q3. Basel norms are important international
regulatory stipulations. It is meant for which sector?(a) Insurance(b) Banking(c) Micro Finance(d) Pension funds(e) Trade

Q4. Which of the following institutions is
not directly associated with the financial sector in India?(a) Bombay Stock Exchange(b) BIFR(c) SEBI(d) Planning Commission(e) IBBI

Q5. Which discussing investments there is
mention of short term government security. What is this type of investment
known as?(a) Debenture(b) Mutual fund(c) Treasury bill(d) Share(e) None of the given options is true

Q6. A bank normally does not have to deal
with an issue related to—(a) Payments and settlements system(b) Contractual rights of creditors(c) Intellectual property rights(d) Cases of insolvency(e) Education or Home loan

Q7. The monetary and credit policy of India
is the responsibility of which of the following?(a) Planning Commission(b) Finance Ministry(c) RBI(d) National Advisory Council(e) SEBI

Q8. When RBI raises the Cash Reserve Ratio
rate what action are the banks required to take?(a) They have to deposit additional money
with RBI as reserve money(b) Banks are required to increase their lending
to the priority sector(c) Banks also increase their lending and
deposit rates(d) All of the above(e) None of the given options is true

Q9. Which of the following statements is
correct?(a) RBI is just like any ordinary commercial
bank(b) RBI is responsible for the overall
monetary policy(c) The fiscal policy of India is approved by
RBI(d) RBI has Dy. Chairman Planning Commission on
its board(e) None of the given options is true

Q10. Bank rate as fixed by RBI means— (a) Rate of interest charged by banks from
borrowers(b) Rate of interest on bank deposits(c) Rate of interest charged by RBI on its
loans to banks(d) Rate of interest on inter bank loans(e) None of the given options is true

Q11. Increase in remittances from non
resident Indians suggest—(a) Increase in the balance of payments deficit
in India(b) Reduces the balance of payments deficit
in India(c) Has no effect on the balance of payments
position(d) All of the above(e) None of the given options is true

Q12. Which of the following is not a method
of credit control?(a) Cash reserve ratio(b) Open market operations(c) Credit deposit ratio(d) Bank rate policy(e) None of the given options is true

Q13. The interest rate at which the RBI lends
to commercial banks in the short term to maintain liquidity is known as—(a) Interest rate(b) Repo rate(c) Reverse repo rate(d) Bank rate(e) Reverse Repo rate

Q14. What are the cooperative banks at the
village level known as?(a) Central cooperative banks(b) Primary agricultural cooperative
societies(c) Village cooperative banks(d) State cooperative banks(e) None of the given options is true

Q15. Which nationalized bank was the first to
sponsor a regional rural bank in India?(a) Syndicate Bank(b) Bank of India(c) Union Bank of India(d) Central Bank of India(e) None of the given options is true

Q1. Uttar Pradesh
Finance Minister Rajesh Aggarwal has presented a mega budget of over
__________________ with a focus on farmers, artisans, youth, infrastructure and
urban development.

(a) Rs 12.31 lakh
crore

(b) Rs 04.28 lakh crore

(c) Rs 05.72 lakh
crore

(d) Rs 10.17 lakh
crore

(e) Rs 23.54 lakh crore

S1. Ans.(b)Sol. Yogi Adityanath government in Uttar Pradesh presented its
second budget. Ahead of 2019, general elections, this is considered one of
biggest budgetary allocation for the state. UP Finance Minister Rajesh Aggarwal
presented a mega budget of over Rs 4.28 lakh crore with a focus on farmers,
artisans, youth, infrastructure and urban development.

Q3. ____________ Chief
Minister Manohar Parrikar presented in the state assembly Rs. 17,123-crore
budget for 2018-19, an increase of 6.84% over the ongoing fiscal.

(a) Dadra and Nagar
Haveli

(b) Gujarat

(c) Goa

(d) Maharashtra

(e) Punjab

S3. Ans.(c)Sol. Goa Chief Minister Manohar Parrikar presented in the state
assembly Rs. 17,123-crore budget for 2018-19, an increase of 6.84% over the
ongoing fiscal. The Budget focuses on education and job creation.

Q4. Capital First
announced that the regulator National Housing Bank (NHB) has approved the
merger of the company along with Capital Home Finance and Capital First Securities
Limited with-

(a) IDFC Bank

(b) HDFC Bank

(c) Axis Bank

(d) Kotak Mahindra Bank

(e) South Indian Bank

S4. Ans.(a)Sol. Capital First announced that the regulator National Housing
Bank (NHB) has approved the merger of the company along with Capital Home
Finance and Capital First Securities Limited with IDFC Bank.

Q5. The Reserve Bank of
India has launched Ombudsman Scheme for non-banking financial companies (NBFCs)
for redressal of complaints against them. In which city, the offices of the
NBFC ombudsmen will function?

(a) Mumbai

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) All of the above

S5. Ans.(e)Sol. The Reserve Bank of India has launched Ombudsman Scheme for
non-banking financial companies (NBFCs) for redressal of complaints against
them. The scheme will provide a cost-free and expeditious complaint redressal
mechanism relating to deficiency in the services by NBFCs covered under the
scheme. The scheme will cover all deposit-taking NBFCs, and based on the
experience gained. The offices of the NBFC ombudsmen will function at four
metro centres – New Delhi, Mumbai, Kolkata and Chennai.

Q6. Moody's Investors
Service estimated that India will grow ___________ in the calendar year 2018
and _________ in 2019, amid signs of economic recovery from the impact of
demonetisation and GST.

(a) 7.2% and 7.3%

(b) 7.4% and 7.5%

(c) 7.7% and 7.9%

(d) 7.6% and 7.8%

(e) 7.6% and 7.5%

S6. Ans.(e)Sol. Moody's Investors Service estimated that India will grow 7.6%
in the calendar year 2018 and 7.5% in 2019, amid signs of economic recovery
from the impact of demonetisation and GST.

S7. Ans.(d)Sol. Ministry of Tourism estimates monthly Foreign Exchange
Earnings (FEEs) through Tourism in India, both in Rupee and Dollar terms based
on the credit data of Travel Head from Balance of Payments of Reserve Bank of
India (RBI).

Q8. The growth rate in
FEEs in rupee terms in January 2018 over January 2017 was ___________ compared
to the growth of 18.0% in January 2017 over January 2016.

(a) 9.3%

(b) 9.7%

(c) 9.9%

(d) 9.1%

(e) 9.5%

S8. Ans.(c)Sol. The growth rate in FEEs in rupee terms in January 2018 over
January 2017 was 9.9%, compared to the growth of 18.0% in January 2017 over
January 2016.

Q9. According to CSO,
the Indian economy grew at a five-quarter high of ____________ in the October-December
(2017) period reflecting overall recovery due to good show by agriculture,
manufacturing, construction and certain services.

(a) 7.6%

(b) 7.2%

(c) 7.7%

(d) 7.9%

(e) 7.1%

S9. Ans.(b)Sol. The Indian economy grew at a five-quarter high of 7.2% in the
October-December period reflecting overall recovery due to good show by
agriculture, manufacturing, construction and certain services. The economy is
expected to grow at 6.6% in the current fiscal ending March 31, as per the
second advanced estimates of the Central Statistics Office (CSO).

Q10. Name the Indian
Bank, which is set for a major restructuring of its business in the United
Kingdom from April 2018?

(a) State Bank of India

(b) Punjab National Bank

(c) United Bank of India

(d) Bank of Baroda

(e) Indian Bank

S10. Ans.(a)Sol. State Bank of India (SBI) is set for a major restructuring of
its business in the Unite Kingdom from April. SBI's UK operations will
transform into a subsidiary named State Bank of India UK Limited from April 1,
in compliance with wider ring-fencing of capital requirements by the Bank of
England.

Q11. UPI-PIN (UPI
Personal Identification Number) is a ______ digit pass code you create/set
during first time registration with this App.

(a) 6-8 digits

(b) 2-4 digits

(c) 7-9 digits

(d) 4-6 digits

(e) 3-5 digits

S11. Ans.(d)Sol. UPI-PIN (UPI Personal Identification Number) is a 4-6 digit
pass code you create/set during first time registration with this App. You have
to enter this UPI-PIN to authorize all bank transactions.

Q12. ____________ is a
one-stop payment platform for all bills providing an interoperable and
accessible “Anytime Anywhere” bill payment service to all customers across
India with certainty, reliability, and safety of transactions.

(a) BBPS

(b) NPCI

(c) AEPS

(d) NACH

(e) NFS

S12. Ans.(a)Sol. The Bharat Bill Payment System is a Reserve Bank of India
(RBI) conceptualised system driven by National Payments Corporation of India
(NPCI). It is a one-stop payment platform for all bills providing an interoperable
and accessible “Anytime Anywhere” bill payment service to all customers across
India with certainty, reliability and safety of transactions.

Q13. In which year IMPS
was launched by Smt. Shyamala Gopinath?

(a) 2014

(b) 2006

(c) 2012

(d) 2008

(e) 2010

S13. Ans.(e)Sol. Immediate Payment Service (IMPS) public launch happened on
22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai and this service
is now available to the Indian public.

Q14. What is the meaning
of "P" in BBPS?

(a) Plan

(b) Pending

(c) Payment

(d) Product

(e) Produce

S14. Ans.(c)Sol. BBPS stands for Bharat Bill Payment System.

Q15. IMPS provides
robust & real-time fund transfer which offers an instant, 24X7, interbank
electronic fund transfer service that could be accessed on multiple channels.
What is the full form of IMPS?

(a) Immediate Payment
System

(b) Immediate Payment
Service

(c) Immediate Payment
Solution

(d) Indian Payment
Service

(e) International
Payment Service
S15. Ans.(b)Sol. Immediate Payment Service (IMPS) public launch happened on
22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai and this service
is now available to the Indian public.

Q1. In which year
National Company Law Tribunal (NCLT) was set up-
(a) 2012
(b) 2013
(c) 2014
(d) 2015
(e) 2016

Show Answer

S1. Ans.(e)
Sol. The Central Government has constituted National Company Law Tribunal
(NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st
June 2016.

Q2. In the first phase
of National Company Law Tribunal the Ministry of Corporate Affairs have set up
eleven Benches, one Principal Bench. The Principal Bench is located in-
(a) Bengaluru
(b) Kolkata
(c) Mumbai
(d) New Delhi
(e) Chennai

Show Answer

S2. Ans.(d)
Sol. In the first phase of the National Company Law Tribunal, Ministry of
Corporate Affairs have set up eleven Benches, one Principal Bench at New Delhi
and ten Benches at New Delhi, Ahmadabad, Allahabad, Bengaluru, Chandigarh,
Chennai, Guahati, Hyderabad, Kolkata and Mumbai. These Benches will be headed
by the President and 16 Judicial Members and 09 Technical Members at different
locations.

Q3. The NCLAT was
constituted under Section 410 of the Companies Act, 2013. What is the meaning
of "A" in NCALT?
(a) Agreement
(b) Association
(c) Appellate
(d) Agency
(e) Authority

Show Answer

S3. Ans.(c)
Sol. National Company Law Appellate Tribunal (NCLAT) was constituted under
Section 410 of the Companies Act, 2013 for hearing appeals against the orders
of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.

S5. Ans.(a)
Sol. The Government in the backdrop of major failure of non-banking financial
institutions, phenomenon of vanishing companies, plantation companies and the
recent stock market scam had decided to set up Serious Fraud Investigation
Office (SFIO), a multi-disciplinary organization to investigate corporate
frauds. The Organization has been established and it has started functioning
since 1st October, 2003.

S6. Ans.(e)
Sol. The FRDI Bill is part of a larger, more comprehensive approach by the
Centre towards systematic resolution of all financial firms — banks, insurance
companies and other financial intermediaries. The Bill comes together with the
Insolvency and Bankruptcy Code to spell out the procedure for the winding up or
revival of an ailing company. FRDI stands for Financial Resolution and Deposit
Insurance.

Q7. LEI is a global
reference number that uniquely identifies every legal entity or structure that
is party to a financial transaction. What is the meaning of "I" in
LEI?
(a) Insurer
(b) Indian
(c) Identifier
(d) Increase
(e) International

Show Answer

S7. Ans.(c)
Sol. The Legal Entity Identifier (LEI) is a global reference number that
uniquely identifies every legal entity or structure that is party to a
financial transaction.

Q9. AEPS is a system
that leverages Aadhaar online authentication and enables AEBAs to be operated
in anytime-anywhere banking mode by the marginalized d financially excluded
segments of society through microATMs. What is the meaning of "E" in
AEPS?
(a) Equity
(b) Essential
(c) Electronic
(d) Enabled
(e) Enrolled

Show Answer

S9. Ans.(d)
Sol. Aadhaar Enabled Payment System (AEPS) – A system that leverages Aadhaar
online authentication and enables AEBAs to be operated in anytime-anywhere
banking mode by the marginalized d financially excluded segments of society
through microATMs.

Q10. APB is a repository
of Aadhaar number of residents and their primary bank account number used for
receiving all social security and entitlement payments from various government
agencies. What is the meaning of "B" in APB?
(a) Base
(b) Bridge
(c) Bond
(d) Banking
(e) Basel

Show Answer

S10. Ans.(b)
Sol. Aadhaar Payments Bridge or APB is a repository of Aadhaar number of
residents and their primary bank account number used for receiving all social
security and entitlement payments from various government agencies. It requires
using Aadhaar number as the primary key for all entitlement payments. This
would weed out all fakes and ghosts from the system and ensure that the
benefits reach the intended beneficiaries..

Q11. CBLO is a money
market instrument that represents an obligation between a borrower and a lender
as to the terms and conditions of a loan. What is the meaning of "B"
in CBLO?
(a) Borrowing
(b) Balance
(c) Banking
(d) Basel
(e) Bond

Show Answer

S11. Ans.(a)
Sol. A collateralized borrowing and lending obligation (CBLO) is a money market
instrument that represents an obligation between a borrower and a lender as to
the terms and conditions of a loan.

S12. Ans.(b)
Sol. MDR or Merchant Discount Rate is a fee charged from a merchant by a bank
for accepting payments from customers through credit and debit cards in their
establishments.

Q13. CRR is the amount
of funds that the banks have to keep with the RBI. What is the full form of
CRR?
(a) Cash Rate Ratio
(b) Cash Reserve Rate
(c) Cash Reserve Ratio
(d) Common Reserve Ratio
(e) Core Reserve Ratio

Show Answer

S13. Ans.(c)
Sol. Cash reserve Ratio (CRR) is the amount of funds that the banks have to
keep with the RBI.

Q14. MSF rate refers to
the rate at which the scheduled banks can borrow funds overnight from RBI
against government securities. What is the meaning of "F" in MSF?
(a) Funded
(b) Financial
(c) Flow
(d) Facility
(e) Fund

Show Answer

S14. Ans.(d)
Sol. Marginal Standing Facility (MSF) rate refers to the rate at which the
scheduled banks can borrow funds overnight from RBI against government
securities.

Q1. RBI, in consultation
with the Government has hiked the foreign portfolio investors (FPI) investment
limit in Central government securities (G-Sec) from 5% of outstanding stock now
to _________ in FY2019 and _________ in FY2020.

(a) 5.5% and 6.5%

(b) 5.5% and 6.0%

(c) 6.0% and 6.5%

(d) 6.5% and 7.0%

(e) 7.5% and 7.0%

S1. Ans.(b)Sol. In a move that could temporarily soften bond yields, the
Reserve Bank of India, in consultation with the Government, hiked the foreign
portfolio investors (FPI) investment limit in Central government securities
(G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and 6% in FY2020.

Q2. Deutsche Bank AG
named Christian Sewing as the Chief Executive officer of the Bank recently.
Deutsche Bank based in-

(a) Brazil

(b) USA

(c) Singapore

(d) Canada

(e) Germany

S2. Ans.(e)Sol. Deutsche Bank AG named Christian Sewing as the Chief Executive
officer of the Bank. He has replaced John Cryan.

Q3. Which of the
following Bank will be investing a total of Rs 80 billion in the Arun III
hydropower project of Nepal, which has 900 megawatts (MW) electricity
production capacities?

(a) Punjab National Bank

(b) Bank of Baroda

(c) State Bank of India

(d) ICICI Bank

(e) HDFC Bank

S3. Ans.(c)Sol. The State Bank of India will be investing a total of Rs 80
billion in the Arun III hydropower project of Nepal, which has 900 megawatts
(MW) electricity production capacities.

Q4. The SBI has
announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial
capital commitment of __________ million pounds from its parent entity.

(a) 225 million pounds

(b) 400 million pounds

(c) 725 million pounds

(d) 1050 million pounds

(e) 100 million pounds

S4. Ans.(a)Sol. The SBI has announced the launch of its UK subsidiary, SBI
(UK) Limited, with an initial capital commitment of 225 million pounds from its
parent entity. India's largest state-owned bank, which celebrated the new
subsidiary with a special event in London, becomes the first foreign bank in
the UK to ringfence its retail division from its wholesale business.

Q5. Jammu and Kashmir
Bank has launched a special financing scheme named 'Add-on Working Capital GST'
to help the state industry cope with the delay in reimbursement of GST under
special tax relief. Who is the present Chairman and CEO of J&K Bank?

(a) Ajay Tyagi

(b) Mohammad Ansari

(c) HR Khan

(d) Parvez Ahmed

(e) Mohammad Mustafa

S5. Ans.(d)Sol. Jammu and Kashmir Bank has launched a special financing scheme
named 'Add-on Working Capital GST' to help the state industry cope with the
delay in reimbursement of GST under special tax relief. The Chairman and CEO
J&K Bank is Parvez Ahmed.

Q6. The World Bank has
approved how much amount to expand the use of clean renewable energy in rural
areas of Bangladesh where grid electricity cannot reach easily?

(a) $50mn

(b) $215mn

(c) $100mn

(d) $55mn

(e) $10mn

S6. Ans.(d)Sol. The World Bank has approved $55mn to expand the use of clean
renewable energy in rural areas of Bangladesh where grid electricity cannot
reach easily. The additional financing to the Second Rural Electrification and
Renewable Energy Development (RERED II) Project will install 1,000 solar
irrigation pumps, 30 solar mini-grids and about 4mn improved cooking stoves in
rural areas.

Q7. The Reserve Bank of
India has tightened reporting norms for the LRS under which an individual can
transfer up to USD 2,50,000 abroad in a year. What is the full form of LSR?

(a) Liberalised
Remittance Scheme

(b) Liberalised
Remittance Service

(c) Liberalised
Remittance System

(d) Legel Remittance
Scheme

(e) Liberalised Revision
Scheme

S7. Ans.(a)Sol. The Reserve Bank of India tightened reporting norms for the
Liberalised Remittance Scheme (LRS) under which an individual can transfer up
to USD 2,50,000 abroad in a year. The LRS transactions are currently permitted
by banks based on the declaration made by the remitter.

Q8. National
E-Repository Limited (NERL), a group company of National Commodity and
Derivatives Exchange Limited (NCDEX ), has brought in __________ and
________________ on board as the depository participants for pledge finance.

(a) Federal Bank and
HDFC Bank

(b) State Bank OF India
and HDFC Bank

(c) ICICI Bank and Kotak
Mahindra Bank

(d) ICICI Bank and Axis
Bank

(e) ICICI Bank and HDFC
Bank

S8. Ans.(e)Sol. National E-Repository Limited (NERL), a group company of
National Commodity and Derivatives Exchange Limited (NCDEX ), has brought in
ICICI Bank and HDFC Bank on board as the repository participants for pledge
finance.

Q9. Which Bank has
launched new products such as pre-approved credit card and UPI solution to mark
its 124th foundation day on 12th April 2018?

(a) Bank of Baroda

(b) Punjab National Bank

(c) Allahabad Bank

(d) State Bank of India

(e) ICICI Bank

S9. Ans.(b)Sol. State-run Punjab National Bank (PNB) launched new products
such as pre-approved credit card and UPI solution to mark its 124th foundation
day. The PNB has opened for business on 12th April 1895.

Q10. Which Bank was
beaten India’s largest lender State Bank of India (SBI) for the first time to
become the second most valued bank in the country recently.

(a) ICICI Bank

(b) Axis Bank

(c) Kotak Mahindra Bank

(d) HDFC Bank

(e) Federal Bank

S10. Ans.(c)Sol. Shares of private lender Kotak Mahindra Bank Ltd beat India’s
largest lender State Bank of India (SBI) for the first time to become the
second most valued bank in the country. Data from BSE showed that Kotak
Mahindra Bank has a market capitalization of Rs2,22,560.69 crore after its
shares rose 1.7%. SBI market capitalization stood at Rs2,22,043.74 crore. Its
shares were trading at Rs248.80 on BSE, down 1% from its previous close. HDFC
Bank Ltd remained country’s most valuable bank with a market capitalization of
Rs5.04 trillion.

Q11. Yes Bank has
announced the launch of ‘Yes GST’, an OD (over draft) facility for-

(a) SME

(b) MSME

(c) BPL People

(d) Farmers

(e) Scheduled Commercial
Banks

S11. Ans.(b)Sol. Yes Bank has announced the launch of ‘Yes GST’, an OD (over
draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this,
an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed
by GST returns.

Q12. Bandhan Bank
Limited became one of the top 50 most valuable publicly traded firms in India.
Where is the Headquarters of Bandhan Bank?

(a) Mumbai

(b) Chennai

(c) Varanasi

(d) Jaipur

(e) Kolkata

S12. Ans.(e)Sol. Kolkata-based Bandhan Bank Ltd became one of the top 50 most
valuable publicly traded firms in India. The market capitalization of Bandhan
Bank was at Rs64,000 crore, claiming 50th rank, according to BSE data.

Q13. NABARD has extended
total credit support of Rs 14,690 crore to ______________ for 2017-18.

(a) Rajasthan

(b) Himachal Pradesh

(c) West Bengal

(d) Maharashtra

(e) Meghalaya

S13. Ans.(a)Sol. National Bank for Agriculture and Rural Development (NABARD)
has extended total credit support of Rs 14,690 crore to Rajasthan for 2017-18.

Q14. Name the Bank,
which has come up with an alternate and convenient method of cash withdrawal
for its customers and that Bank is now providing facilities of cash through
‘Cash@POS’ initiative?

(a) HDFC Bank

(b) Bank of Baroda

(c) ICICI Bank

(d) State Bank of India

(e) Axis Bank

S14. Ans.(d)Sol. Amid the ongoing difficulties of cash crunch being faced in
various states of India, the country’s biggest lender, State Bank of India
(SBI) has come up with an alternate and convenient method of cash withdrawal
for its customers. The bank is now providing facilities of cash through
‘Cash@POS’ initiative.

Q15. According to the
TRA Brand Trust Report 2018, the State Bank of India was the most-trusted bank
(both public and private sector) in the country and ______________ topped the
chart among the private ones.

(a) Kotak Mahindra Bank

(b) Axis Bank

(c) ICICI Bank

(d) HDFC Bank

(e) Yes Bank

S15. Ans.(c)Sol. According to the TRA Brand Trust Report 2018, the State Bank
of India was the most-trusted bank (both public and private sector) in the
country and ICICI Bank topped the chart among the private ones. This
year, State Bank of India tops the chart of BFSI (Banking and Financial
Services Institutions) super-category despite seeing a dip in its overall brand
trust index ranking.

Q1. Asian Development
Bank has projected that India’s economic growth is set to rise to _________
this fiscal and further to ___________ in the next financial year, on back of
GST and banking reforms recently.

(a) 7.7% and 7.9%

(b) 7.3% and 7.6%

(c) 7.4% and 7.7%

(d) 7.2% and 7.4%

(e) 7.1% and 7.5%

S1. Ans.(b)Sol. In April 2018, the Asian Development Bank (ADB) has projected
that India’s economic growth is set to rise to 7.3% this fiscal and further to
7.6% in the next financial year, on back of GST and banking reforms.

Q2. How much amount has
been raised the authorised capital of NABARD by Union government to help it
increase its lending to the rural economy recently?

(a) Rs 600 billion

(b) Rs 900 billion

(c) Rs 100 billion

(d) Rs 300 billion

(e) Rs 1500 billion

S2. Ans.(d)Sol. As part of the drive to double the income of farmers by 2022,
the government has raised the authorised capital of NABARD by six times from 50
billion to Rs 300 billion to help it increase its lending to the rural economy.

Q3. CII has announced
that it expects India's gross domestic product (GDP) to grow at 7.3-7.7% during
the 2018-19 financial year. CII stands for-

(a) Confederation of
Indian Industry

(b) Corporation of
Indian Industry

(c) Confederation of
International Industry

(d) Confederation of
Indian Institute

(e) Classification of
Indian Industry

S3. Ans.(a)Sol. The Confederation of Indian Industry (CII) has announced that
it expects India's gross domestic product (GDP) to grow at 7.3-7.7% during the
2018-19 financial year.

Q4. The International
Monetary Fund (IMF) has stated that India is expected to grow at _________ in
2018 and __________ in 2019 and would re-emerge as one of the fastest growing
major economies in the period.

(a) 7.8% and 7.9%

(b) 7.1% and 7.5%

(c) 7.4% and 7.7%

(d) 7.2% and 7.4%

(e) 7.4% and 7.8%

S4. Ans.(e)Sol. The International Monetary Fund (IMF) has stated that India is
expected to grow at 7.4% in 2018 and 7.8% in 2019 and would re-emerge as one of
the fastest growing major economies in the period.

Q5. Which of the
following country is now the world’s sixth largest economy, according to the
database of the International Monetary Fund’s World Economic Outlook (WEO) for
April 2018?

(a) Germany

(b) Japan

(c) India

(d) China

(e) France

S5. Ans.(c)Sol. India’s Gross Domestic Product (GDP), the worth of the
economy, clocked in at $2.6 trillion for 2017, according to the database of the
International Monetary Fund’s World Economic Outlook (WEO) for April 2018.
India is now the world’s sixth largest economy, displacing France. The Top 5
economies of the world are:
1. The United States,
2. China,
3. Japan,
4. Germany and
5. The United Kingdom

Q6. National Stock
Exchange of India (NSE) has announced the launch of its "e - Gsec"
platform for facilitating the non-competitive bidding in Government of India
Dated Securities (G-Sec) and Treasury Bills (T-Bills). Where is the Corporate
Office of NSE?

(a) New Delhi

(b) Mumbai

(c) Pune

(d) Kolkata

(e) Chennai

S6. Ans.(b)Sol. National Stock Exchange of India (NSE) has announced the
launch of its "e - Gsec" platform for facilitating the
non-competitive bidding in Government of India Dated Securities (G-Sec) and
Treasury Bills (T-Bills). Mumbai is the Corporate Office of NSE.

Q7. Private sector
lender ____________ has received the Reserve Bank of India’s (RBI) approval to
open two representative offices in London and Singapore recently.

(a) HDFC Bank

(b) Axis Bank

(c) Bandhan Bank

(d) ICICI Bank

(e) Yes Bank

S7. Ans.(e)Sol. Private sector lender Yes Bank has received the Reserve Bank
of India’s (RBI) approval to open two representative offices in London and
Singapore. Yes Bank opened its first representative office in Abu Dhabi in
April 2015 and also launched IFSC banking unit (IBU) at GIFT City, Gandhinagar,
in the same year.

Q8. The Reserve Bank of
India has revised the KYC guidelines recently. What is the full form of KYC?

(a) Know Young Customer

(b) Know Your Consumer

(c) Know Your Customer

(d) Know Your Custom

(e) Know Yes Customer

S8. Ans.(c)Sol. The Reserve Bank of India has revised "Know Your
Customer" or the KYC guidelines. The KYC norms have been revised following
the government's decision to update the 'Prevention of Money Laundering' rules
in June 2017. The RBI made linking of national biometric ID Aadhaar to bank
accounts mandatory. However, it said this will be subject to the final decision
of the Supreme Court on making of Aadhaar mandatory.

Q9. Which among the
following bank has entered into an agreement for information utility services
with the National E-Governance Services Limited (NeSL)?

(a) Indian Overseas Bank

(b) ICICI Bank

(c) State Bank of India

(d) Yes Bank

(e) Bank of Baroda

S9. Ans.(a)Sol. Indian Overseas Bank (IOB) has entered into an agreement for
information utility services with the National E-Governance Services Limited
(NeSL). With this agreement, the IOB branches will be able to provide
high-quality, authenticated information about debts and defaults; which will
have more transparency in maintaining the list of borrowers, debtors, creditors
and loan defaulters.

Q10. Who has been
appointed as the Chairman of the National Association of Software and Services
Companies (NASSCOM) for 2018-19?

(a) PP Malhotra

(b) Raman Roy

(c) Dilip Chenoy

(d) Rishad Premji

(e) Balram Bhargava

S10. Ans.(d)Sol. Rishad Premji, Board member of Wipro Ltd. has been appointed
as the Chairman of the National Association of Software and Services Companies
(NASSCOM) for 2018-19. Premji has been a member of NASSCOM’s Executive Council
and was the Vice Chairman for 2017.

Q1. The Dow Jones
Industrial Average, or simply the Dow, is a stock market index based in-

(a) Germany

(b) Japan

(c) USA

(d) China

(e) Brazil

S1. Ans.(c)Sol. The Dow Jones Industrial Average, or simply the Dow, is a
stock market index that shows how 30 large, publicly owned companies based in
the United States have traded during a standard trading session in the stock
market.

Q2. The Nikkei index
belongs to which of the following stock exchanges?

(a) Tokyo

(b) Beijing

(c) New York

(d) Bangkok

(e) London

S2. Ans.(a)Sol. Nikkei 225 is an index which belongs to the Tokyo Stock
Exchange (TSE). The Nihon Keizai Shimbun (Nikkei) calculates the index daily
since 1950.

Q4. The DAX is a
blue-chip stock market index. DAX index belongs to which of the following stock
exchanges?

(a) France

(b) Germany

(c) Canada

(d) Brazil

(e) Japan

S4. Ans.(b)Sol. The DAX is a blue chip stock market index consisting of the 30
major German companies trading on the Frankfurt Stock Exchange. Prices are
taken from the Xetra trading venue.

Q5. The FTSE Straits
Times Index (STI) is a capitalization-weighted stock market index that is
regarded as the benchmark index for the ____________ stock market.

(a) Australia

(b) South Africa

(c) Canada

(d) Thailand

(e) Singapore

S5. Ans.(e)Sol. The FTSE Straits Times Index (STI) is a
capitalization-weighted stock market index that is regarded as the benchmark
index for the Singapore stock market.

Q6. KOSPI is the index
of all common stocks traded on the Stock Market Division in-

(a) Canada

(b) South Korea

(c) Brazil

(d) China

(e) Singapore

S6. Ans.(b)Sol. KOSPI is the index of all common stocks traded on the Stock
Market Division in South Korea.

Q7. The Associated
Chambers of Commerce and Industry of India or ASSOCHAM is one of the apex trade
associations of India. Where is the Corporate Office of ASSOCHAM?

(a) Kolkata

(b) Chennai

(c) Pune

(d) New Delhi

(e) Mumbai

S7. Ans.(d)Sol. The Associated Chambers of Commerce and Industry of India or
ASSOCHAM is one of the apex trade associations of India. The organization
represents the interests of trade and commerce in India and acts as an
interface be issues and initiatives. The Corporate Office of ASSOCHAM is in New
Delhi.

Q8. The BIS is an
international financial institution owned by central banks which "fosters
international monetary and financial cooperation and serves as a bank for
central banks". What is the full form of BIS?

(a) Bank for
International Settlements

(b) Bank for Indian
Settlements

(c) Bank for Institution
Settlements

(d) Bank for
International System

(e) Bank for
International Service

S8. Ans.(a)Sol. The Bank for International Settlements (BIS) is an
international financial institution owned by central banks which "fosters
international monetary and financial cooperation and serves as a bank for
central banks".

Q9. Where is the head
office of BIS?

(a) Bern

(b) Nyon

(c) Davos

(d) Geneva

(e) Basel

S9. Ans.(e)Sol. The Head office of Bank for International Settlements (BIS) is
in Basel, Switzerland.

Q10. In which year BIS
was established?

(a) 1935

(b) 1921

(c) 1930

(d) 1944

(e) 1949

S10. Ans.(c)Sol. Established in 1930, the BIS is owned by 60 central banks,
representing countries from around the world that together account for about
95% of world GDP. Its head office is in Basel, Switzerland and it has two
representative offices: in Hong Kong SAR and in Mexico City.